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JAH:djm 03/06/90R (REDEV) <br />JAH:djm 03/19/90R <br />JAH:djm 04/04/90R <br />the thirtieth (30th) business day following receipt of such <br />notice, in which event the Escrow Agent is authorized to hold all <br />money, papers and documents with respect to the Acquisition <br />Parcels until instructed by mutual agreement of the parties or by <br />a court of competent jurisdiction. If no such demands are made, <br />the escrow shall be closed as soon as possible. Nothing in this <br />section shall be construed to impair or affect the rights or <br />obligations of the Agency or the Developer to specific <br />performance. <br />The Escrow Agent shall not be obligated to return any such <br />money, papers or documents except upon the written instructions <br />of both the Agency and the Developer or until the party entitled <br />thereto has been determined by a final decision of a court of <br />competent jurisdiction. <br />Any amendment to the escrow instructions shall be in writing <br />and signed by both the Agency and the Developer. At the time of <br />any amendment, the Escrow Agent shall agree to carry out its <br />duties as Escrow Agent under such amendment. <br />All communications from the Escrow Agent to the Agency or <br />the Developer shall be directed to the addresses and in the <br />manner established in Section 902 of this Agreement for notices, <br />demands and communications between the Agency and the Developer. <br />The liability of the Escrow Agent under this Agreement is <br />limited to performance of the obligations imposed upon it under <br />this article. <br />The Agency shall not be liable for any real estate <br />commissions or brokerage fees which may arise under this <br />Agreement. Except for the representation of the Developer by <br />McCarthy Group, Inc., a California corporation, whose <br />remuneration shall be provided solely by the Developer, the <br />Agency and the Developer each represent that neither has engaged <br />any broker, agent or finder in connection with this Agreement. <br />§405 Reconveyance of Deed of Trust and Cancellation of <br />Promissory Note <br />The Developer shall promptly deposit with the Escrow Agent <br />the Promissory Note, together with a duly executed and <br />acknowledged reconveyance of the Deed of Trust securing the <br />Promissory Note, provided that the Escrow Agent shall have <br />notified the Developer in writing that the Grant Deed or Grant <br />Deeds conveying all of the Acquisition Parcels to the Developer, <br />properly executed and acknowledged by the Agency, has or have <br />been delivered to the Escrow Agent and that title is in condition <br />to be conveyed in conformity with the provisions of Section 310 <br />of this Agreement. <br />Upon the close of escrow,the Escrow Agent shall mark the <br />Promissory Note cancelled and shall return the Promissory Note to <br />the Agency. The Escrow Agent shall further cause the <br />17 <br />